Quarter 4 - financial statement for 2022

CUMULATIVE

CUMULATIVE

QTR 4

QTR 4

30HT SEPT.

30HT SEPT.

30HT SEPT. 30HT SEPT.

Notes

2022

2021

%

2022

2021

%

N'm

N'm

CHANGE

N'm

N'm

CHANGE

Revenue

1

3,502

1,186

195

583

333

75

Cost of sales

-2,896

-944

(207)

-536

-138

(289)

Gross profit

606

242

150

47

195

(76)

Other operating income

61

321

(81)

38

334

(88)

Exchange (loss)/gain

105

-429

124

179

-18

1,072

Distribution expenses

-199

-192

(3)

-40

-20

(103)

Administrative expenses

-348

-343

(1)

-54

-150

64

Profit/(loss) from operating activities

226

-401

156

170

340

(50)

Finance costs

-173

-152

(14)

-51

-42

(20)

Profit/(Loss) before taxation

53

-553

110

119

298

(60)

Taxation charge

-18

45

(140)

-11

-1

(1,357)

Profit/(Loss) after taxation

35

-508

107

108

297

(64)

Total comprehensive income transferred to retained earnings

35

-508

107

108

297

(64)

Earnings/(Loss) per share (kobo)

9.0

-130.3

107

27.69

76.23

(64)

30HT SEPT.

30TH SEPT

Notes

2022

2021

%

N'm

N'm

CHANGE

Non current assets

Property, plant and equipment

7

1,873

1,859

1

Investment properties

8

3,315

3,295

1

Assets under finance lease

9

7

9

(20)

Investment in subsidiaries

199

199

-

Available for sale financial assets

54

37

46

-

5,449

5,399

1

Current assets

Inventories

2

243

416

(42)

Trade and other receivables

3

1,430

1,414

1

Prepayments

66

89

(26)

Due from related parties

2,806

3,386

(17)

Cash and cash equivalents

5

43

224

(81)

4,588

5,529

(17)

Current liabilities

Trade and other payables

4

2,176

2,271

4

Due to related parties

24

24

-

Loans and borrowings

778

753

(3)

Taxation payable

661

644

(3)

Employee's benefit

36

39

8

3,675

3,731

2

Net current liabilities

913

1,798

49

Non-current liabilities

Deferred taxation

241

241

-

Loans and borrowings

18

24

25

Due to related parties

4,059

4,923

18

Net assets

2,044

2,009

2

Capital and reserves

Share capital

195

195

-

Property revaluation reserve

624

624

-

Revenue reserve

1,225

1,190

3

Shareholders' funds

2,044

2,009

2

Dr. C. Ezeh

Group Managing Director

FRC/2017/IODN/00000016475

Mr. Adeche Okeje

Chief Finance Officer

FRC/2013/ICAN/00000005141

This account was approved on 27th July 2022

Issued share

Revaluation

Revenue Total equity

capital

reserve

reserve

N'm

N'm

N'm

N'm

At 1 October 2021

195

624

1,190

2,009

Profit/(Loss)

35

35

Other comprehensive income

-

Deficit on revaluation of property

-

Depreciation written back on revaluation of property

-

Total comprehensive (loss)/income for the year

-

-

35

35

Contributions by and distributions to owners:

Dividends paid

-

Total contributions by and distributions to owners

-

-

-

-

At 30 September 2022

195

624

1,225

2,044

At 1 October 2020

195

571

1,698

2,464

Profit/(Loss)

(508)

(508)

Other comprehensive income

Surplus on revaluation of property

53

53

Fair value loss on available for sale financial assets

Total comprehensive (loss)/income for the year

-

53

(508)

(455)

Contributions by and distributions to owners:

Dividends paid

-

Reserves on actuarial valuation transferred to revenue

-

-

-

-

Total contributions by and distribution to owners

-

-

-

-

At 30 September 2021

195

624

1,190

2,009